Uruguay: Injection-Moulding Machine Market 2024

Injection-Moulding Machine Market Size in Uruguay

After three years of growth, the Uruguayan injection-moulding machine market decreased by -3.1% to $X in 2022. Overall, consumption, however, recorded a strong expansion. Over the period under review, the market hit record highs at $X in 2021, and then reduced in the following year.

Injection-Moulding Machine Production in Uruguay

In value terms, injection-moulding machine production reached $X in 2022 estimated in export price. In general, production continues to indicate a remarkable increase. The growth pace was the most rapid in 2014 with an increase of 141% against the previous year. Injection-moulding machine production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Injection-Moulding Machine Exports

Exports from Uruguay

In 2022, after three years of growth, there was significant decline in overseas shipments of injection-moulding machines for working rubber or plastics, when their volume decreased by -61.5% to X units. In general, exports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2020 when exports increased by 200% against the previous year. Over the period under review, the exports reached the maximum at X units in 2021, and then contracted rapidly in the following year.

In value terms, injection-moulding machine exports reduced dramatically to $X in 2022. Overall, exports, however, showed a resilient expansion. The growth pace was the most rapid in 2020 when exports increased by 262% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil (X units) was the main destination for injection-moulding machine exports from Uruguay, accounting for a 90% share of total exports. Moreover, injection-moulding machine exports to Brazil exceeded the volume sent to the second major destination, Chile (X units), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brazil totaled +24.6%.

In value terms, Brazil ($X) remains the key foreign market for injection-moulding machines for working rubber or plastics exports from Uruguay, comprising 79% of total exports. The second position in the ranking was taken by Chile ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Brazil amounted to +15.7%.

Export Prices by Country

The average injection-moulding machine export price stood at $X per unit in 2022, surging by 82% against the previous year. Overall, the export price, however, continues to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2013 an increase of 94%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per unit), while the average price for exports to Brazil amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-6.0%).

Injection-Moulding Machine Imports

Imports into Uruguay

In 2022, injection-moulding machine imports into Uruguay dropped notably to X units, which is down by -68% compared with the year before. In general, imports recorded a pronounced decrease. The growth pace was the most rapid in 2021 with an increase of 471% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, injection-moulding machine imports reduced remarkably to $X in 2022. Overall, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 802% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Japan (X units) and Argentina (X units) were the main suppliers of injection-moulding machine imports to Uruguay, with a combined 97% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +18.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of injection-moulding machines for working rubber or plastics to Uruguay, comprising 73% of total imports. The second position in the ranking was taken by Japan ($X), with a 21% share of total imports. It was followed by Canada, with a 5.3% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +16.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-8.7% per year) and Canada (-17.1% per year).

Import Prices by Country

In 2022, the average injection-moulding machine import price amounted to $X per unit, which is down by -48.7% against the previous year. Over the period under review, the import price saw a pronounced curtailment. The most prominent rate of growth was recorded in 2016 an increase of 153% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per unit), while the price for Argentina ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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